23. The following information was abstracted from the records of the Martez Corporation:

Accounts receivable, December 31, 2017	$ 700,000
Allowance for bad debt before adjustment, December 31, 2017	16,000 (cr.)
Sales (2017)	2,080,000
Sales discounts (2017)	28,000
Sales returns and allowances (2017)	42,000

Prepare the adjusting entry for Bad Debt expenseunder each of the following assumptions:

1.	5 percent of outstanding accounts receivable are uncollectible.
2.	4% of Net Sales
3.	An aging schedule of the accounts shows that $23,500 of the accounts are uncollectible.